Skydance has confirmed that HBO Max and Paramount+ will be offered together in a single subscription bundle from early 2027, the first step in bringing the two streaming services together under one roof. The announcement came on Monday 9 November 2026, in the company's third-quarter shareholder letter, its first earnings report since Skydance completed its acquisition of Warner Bros. Discovery last month.

"Our first step toward bringing together Paramount+ and HBO Max is to offer them in a single bundle," Skydance said in the letter. "Starting in early 2027, consumers will be able to subscribe to both world-class streaming services at an even greater value." The company has not yet said what the bundle will cost, whether it will include advertising-supported options, or whether it will be sold through third-party marketplaces as well as directly.

One service, in stages

The bundle is only the beginning. Skydance plans to merge the two services into a single streaming platform, and says it aims to align their backend systems within a year of the deal closing, faster than the roughly 18 months it took to integrate Pluto TV with Paramount+. A fully unified service is loosely targeted for about a year from now, although no firm date has been set and the company has not explained how existing accounts will migrate.

The deal that made all of this possible closed in early October, when Skydance completed its roughly $110 billion merger with Warner Bros. Discovery. The combined company brings together HBO Max, Paramount+, HBO, Discovery+ and Pluto TV, reaching more than 130 markets. Skydance put the combined Paramount+, HBO and HBO Max subscriber base at 203 million worldwide, a figure that is not deduplicated, meaning some customers who subscribe to more than one service are counted more than once.

What viewers get

For subscribers, the bundle would put two large libraries under one payment. HBO Max is home to series including The Last of Us, The White Lotus and The Pitt, while Paramount+ carries the Taylor Sheridan dramas Tulsa King and Landman, the Yellowstone universe and the Star Trek franchise. Sports are also part of the package, with the combined company holding rights including the NFL, Major League Baseball, the NHL, March Madness, the Masters, NASCAR and UFC.

Skydance chairman and chief executive David Ellison described bundling as "our first step toward fully unifying the two services". The company also said it is seeking to cut $6 billion in costs across the combined business, and that HBO Max will move onto Paramount's proprietary streaming technology stack.

First results under the new company

The bundle announcement arrived alongside Skydance's first quarterly results as a combined company. Revenue for the third quarter was $7.03 billion, up 5% on the combined results of the predecessor companies. More detail on the bundle, including pricing and the roadmap for the unified service, is promised in the coming months.

For now, the message to viewers is simple: the two services will remain separate for a little longer, then arrive as one bundle early next year, with a full merger to follow. What that combined service will be called, and what it will cost, are questions Skydance has yet to answer.